Economy

According to a press release published yesterday, the Central Bank of Egypt and The London Institute of Banking & Finance (LIBF) have just signed a Memorandum of Understanding (MoU) to …

Egypt’s Housing & Development Bank has announced a standalone net profit after tax of EGP 3.015 billion in H1-2023, compared to EGP 1.204 billion reflecting an increase of EGP 1.811 …

Leading urban community developers, Madinet Masr (Stock code MNHD.CA), has unveiled its latest innovative venture, a new R&D arm, “Madinet Masr Innovation Labs”. This groundbreaking and first-of-its-kind arm is dedicated …

Under the theme of ‘building resilience for the 21st century’, the “3rd Arab Savings & Financial Literacy Conference” will be held in Cairo, bringing together several financial, educational, social protection, …

The Central Bank of Egypt (CBE) welcomed a delegation from the Bank of South Sudan for a visit, sharing regulatory expertise to help enhance South Sudan’s oversight and banking capacity, …

The Egyptian General Authority for Investment and Free Zones (GAFI) has introduced a new single-approval system to make it easier for investors to invest in projects. The CEO of GAFI, …

NilePreneurs, one of the initiatives of the Central Bank of Egypt (CBE), has offered nearly EGP 4.4bn worth of financing to about 6,000 small and medium enterprises and entrepreneurs since …

Tarek Kamel, Chairman and CEO of Nestlé Egypt and Sudan, stated that Nestlé is set to add four production lines to its factories in Egypt by the end of 2023. Kamel …

Abu Dhabi Commercial Bank (ADCB) and TalabatUAE, the region’s leading online food delivery platform, have partnered to launch the first ever ‘TalabatADCB Credit Card’ – a valuable addition to the …

The banks were Banque Misr, the National Bank of Egypt (NBE), Banque du Caire, the Bank of Alexandria, the Housing and Development Bank (HDB), and  the Agricultural Bank of Egypt …